Richard F Stoisits

Title: Innovations by Richard F Stoisits in Petroleum Production Optimization

Introduction

Richard F Stoisits is a notable inventor based in Plano, TX (US), recognized for his contributions to petroleum production optimization. He holds a total of five patents that showcase his innovative approaches to enhancing the efficiency of hydrocarbon extraction processes. His work primarily focuses on utilizing advanced algorithms and systems to optimize production conditions in petroleum fields.

Latest Patents

One of Stoisits' latest patents is titled "Petroleum production optimization utilizing adaptive network and genetic algorithm techniques." This invention describes a computer system and method designed to optimize the operating conditions of a petroleum production field. The system considers various factors, including gas compression capacity and surface line hydraulic effects, to enhance production efficiency. A genetic algorithm is employed to generate and evaluate solution vectors, ultimately identifying optimal field operating parameters for production personnel.

Another significant patent is the "Automated material balance system for hydrocarbon reservoirs." This system automatically produces a material balance solution for well patterns in a hydrocarbon reservoir by optimizing fluid allocation factors for each well. The process involves generating allocation factor strings and evaluating their fitness based on field pressures and target allocation factors. The use of a genetic algorithm allows for the continuous improvement of these estimates, leading to more accurate material balance solutions.

Career Highlights

Throughout his career, Richard F Stoisits has worked with prominent companies in the petroleum industry, including Atlantic Richfield Company. His experience in these organizations has contributed to his expertise in optimizing petroleum production processes.

Collaborations

Stoisits has collaborated with notable professionals in the field, including Donald J MacAllister and Michael D McCormack. These collaborations have likely enriched his work and contributed to the development of his innovative patents.

Conclusion

Richard F Stoisits is a distinguished inventor whose work in petroleum production optimization has made significant strides in the industry. His innovative patents reflect a deep understanding of complex production systems and the application of advanced algorithms to enhance efficiency.